Issue 2.8 - August 2022

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Halifax Real Estate News Compliments of the Andrew Perkins Real Estate Team Issue 2.8 - August 2022   As the summer winds down the Halifax Real Estate Market is not sure what it wants to do.   The listing inventory is hovering around 800 (currently 814) listings for single-family homes, condos, and duplexes. That number has stayed consistent for the last 3-4 months. This still puts us in a solid seller's market with only 1.5 months of inventory.   On the ground, we are seeing houses/condos staying on the market longer, and not getting multiple bids. Some still are but is a rarity these days. In August 557 new listings were brought to market, which is down from July when we had 660 new listings. The number of sales in August was 727(2021 was 909) with an average price of $526,000(2021 was $450,00). In July there were 778 sales with an average price of $571,000. The peak of the market seems to have been reached and things are getting somewhat back to normal, however, we are still a long way away from a balanced market.  Historically, the last 4 months of the year listing inventory picks up and there is more choice for buyers. Sellers, you are still firmly in a seller's market, so if your property shows well and is priced right, you will get good activity. Whether buying, selling, or investing we are here to help you along your journey. Please reach out to us with any questions or information you need. If you would like to chat feel free to schedule an appointment by clicking the link below.   Andrew & Jordan Schedule a Call Halifax News   This converted chapel has character and bags of potential An opportunity to buy and renovate an historic home with glorious views, in the sought after village of Northowram, just outside Halifax, has arisen with the sale of Northfield Gate Farm. Continue Reading >>   Construction of new Art Gallery of Nova Scotia put on hold The new Art Gallery of Nova Scotia planned for the Halifax waterfront is on hold. Premier Tim Houston said his government had decided... Continue Reading>>   Halifax council designates vacant lots suitable for affordable housing A number of surplus properties were designated for affordable housing projects at Tuesday morning’s Halifax Regional Council meeting. Seven vacant lots in total... Continue Reading>>   The Most Expensive Homes On The Market In Nova Scotia and New Brunswick At Huddle, we’ve written often  about the wild changes in the housing market and what they might mean for the average home buyers. Continue Reading>>   These Canadian Provinces Want Newcomers & Offer Low Taxes, High Salaries & Cheap Houses Have you ever considered moving to another part of Canada? Well, maybe you should!  Several Canadian provinces are... Continue Reading>>   N.S. Landlords Group Wants Tax Assessments Capped To Combat Rising Costs HALIFAX – The organization representing Nova Scotia Landlords is warning the government and the public that... Continue Reading>>   Halifax Real Estate Market July 2022   This summer we have noticed significant shifts in the Halifax Real Estate Market. Houses and Condos are not receiving extreme bidding wars like they were in beginning of the year. Buyers are concerned about rising interest rates, inflation, and are scared off by how intense the market has been for the past two years. Learn more Current Listings   View Listings New Website Feature!   Condo Buyers! Have you ever checked out our awesome website HalifaxCondos.co? Not only does it show the most up to date condo listings on the Halifax MLS system, but we also have a brand new feature! On every MLS listing, you can now view the listing's Walk Score! "Walk Score is the only international measure of walkability and the leading provider of neighbourhood data to the real estate industry. More than 30,000 websites display Walk Score and we serve over 20 million scores each day." - Walkscore.com Check it out by browsing our latest condo listing!   Check out our latest listing! Current Mortgage Rates Courtesy of Shawna Snair (Licence #2021-3000104) with Premiere Mortgage Centre   Follow Shawna for more great mortgage tips and info! (902) 448-2007   Recent Blog Articles     8 Questions to Ask Before Buying a Halifax Condo It’s no secret that Halifax Condo living has its perks: less maintenance, added amenities, increased security and more.  Continue Reading >> A Day in the Life: Chewy Browne, CBO Hey everyone! It’s Chewy here. Before I accepted my position as CBO (Chief Barketing Officer) of the Andrew Perkins Real Estate Team. Continue Reading >> Thinking of moving to Halifax?   One of the hardest parts about moving to a city that you are unfamiliar with is picking which part of the city you will call home. It can feel overwhelming browsing through so many unfamiliar neighbourhoods, schools, clinics and shops. You almost wish that there was a guide to each city, breaking down its most appealing attributes, exploring its unique characteristics, and narrowing down the choices for you. We are positive that you are not the only one looking for guidance. This is why we developed this FREE and comprehensive e-book detailing everything you need to know about relocating to Halifax, Nova Scotia.   I want my FREE e-book! What's my Halifax Home Worth?   The inventory in Halifax is extremely limited. Prices are on the rise for both homes and condos. Your property may be worth more than you think! Interested in a FREE and INSTANT market analysis of your property?   Take me to my FREE market anaylsis! Halifax Homes for Sale   Are you a buyer who wants to find their dream home or condo in Halifax? Browse the most up to date listings!    Search Halifax Homes for Sale Our mailing address is: 308-6080 Young Street Halifax, NS  B3K 5L2 Want to change how you receive these emails? If you wish to unsubscribe, simply reply "Unsubscribe" to this email.